Surviving Profit

We know little about the rich.We don’t hear much from the CEO’s or shareholders responsible for the banks and firms toppling our flag pole.Here’s an interview in Germany’s Spiegel,

‘The Pursuit of Profit Is an Innate Human Trait’

Werner Wenning, the CEO of German pharmaceutical giant Bayer, discusses the speculative excesses in the financial markets, the disastrous emphasis on short-term profit and the appropriateness of his multi-million-euro salary.

Mr. Wenning, speculative excesses have brought the financial markets to the brink of disaster. The industrialized countries are going into recession, and the reputation of executives is at an all-time low.Is capitalism in a crisis?